Goodfood Market (TSE:FOOD) Insider Phoenician Capital Llc Purchases 50,000 Shares of Stock

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were acquired at an average cost of C$0.34 per share, with a total value of C$17,000.00. Following the purchase, the insider directly owned 7,950,000 shares of the company’s stock, valued at C$2,703,000. This trade represents a 0.63% increase in their ownership of the stock.

Phoenician Capital Llc also recently made the following trade(s):

• On Tuesday, December 23rd, Phoenician Capital Llc purchased 100,000 shares of Goodfood Market stock. The stock was acquired at an average cost of C$0.32 per share, for a total transaction of C$32,000.00.

Goodfood Market Price Performance

Goodfood Market stock opened at C$0.30 on Friday. The stock has a market capitalization of C$29.65 million, a price-to-earnings ratio of -3.33 and a beta of 1.98. Goodfood Market Corp. has a 52-week low of C$0.14 and a 52-week high of C$0.53. The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98. The stock’s 50 day moving average price is C$0.29 and its two-hundred day moving average price is C$0.26.

Goodfood Market (TSE:FOOD) last issued its earnings results on Tuesday, January 20th. The company reported C($0.03) earnings per share (EPS) for the quarter. The company had revenue of C$27.54 million for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%. On average, equities analysts predict that Goodfood Market Corp. will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Desjardins reduced their price objective on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a research note on Friday, November 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$0.23.

Goodfood Market Company Profile

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.